91% of businesses in India feel at cyber attack risk: Study

New Delhi, June 7 (IANS) When it comes to cyber security, 91 % of businesses in India say their organisation is at risk because of the complexity of business and IT operations, which is above the APJ (Asia-Pacific and Japan) average of 85 % and the global average of 83 %.

According to a global study by leading IT firm Citrix and Ponemon Institute, 72 % of businesses say it is time for a new security framework.

"With an increasing number of traditional businesses taking the digital route, workspaces are no longer confined to the four office walls. While this shift has made the modern workforce more flexible and productive, it has also brought along its own set of security concerns," said Parag Arora, Country Head and Area Vice President, Citrix, India Subcontinent, in a statement.

"For modern enterprises, security management and protection of data is an integral business function and no longer an IT task," Arora added.

Nearly 60 % of respondents stated that employees and third parties bypass security policies and technologies because they are too complex.

Less than half of respondents in India (44 %) said their organisations have the right policies and procedures in place to protect information assets and critical information.

The research involved insights from over 4,200 IT and IT security practitioners globally.

Tag Cloud

Tags

About Us

The Finapolis helps you grow your money. We offer insightful journalism, credible research and actionable advice suitable to every Indian taxpayer, making us a one stop destination for your personal finance needs.

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.